Fannie Mae adds former BBVA Compass chairman and CEO to its board of directors
Fannie Mae is adding the former chairman and CEO of BBVA Compass, Manuel “Manolo” Sánchez Rodríguez, to its board of directors, the government-sponsored enterprise announced Monday. Sánchez served as president and CEO of BBVA Compass, a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, from December 2008 to January 2017.
No teenagers allowed: New Orleans landlord accused of discrimination
A New Orleans landlord stands accused of discriminating against families with children after allegedly repeatedly stating that he did not want any teenagers living on the property. The Department of Housing and Urban Development announced late last week that it is charging Earmastine Nelson with housing discrimination for running a real estate ad on Craigslist that stated “NO TEENAGERS PLEASE.”
New York sues federal government over fintech bank charter plan
New York state’s top banking regulator sued the federal government to void its decision to begin offering national bank charters to online lenders and payment companies, saying the decision was unconstitutional and posed a threat to consumers. According to Reuters, Maria Vullo, NYDFS superintendent called the Office of the Comptroller of Currency’s decision to allow fintech companies to obtain bank charters, “lawless, ill-conceived and destabilizing of financial markets.”
The 5 mortgage handshakes and lending launches you need to know
Recently, there were a number of big releases that came across the news desk at HousingWire we thought you might like to know about. Here is a recap of a few that caught our eye.
Washington, D.C. brings affordable housing to grandfamilies
A special affordable housing communit opened in Washington, D.C. today, becoming the first housing community designed for grandfamilies. Plaza West will house grandparents that are caring for their grandchildren and making 30% to 40% of the area median income.
Monday Morning Cup of Coffee: Manafort to forfeit .7 million in real estate holdings
Welcome to another week. It’s time for your Monday Morning Cup of Coffee. Wake up; smell the coffee; and let’s make some money this fine Monday morning. Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on bigger issues.